This is some blog description about this site
Close to 50 new launches can be expected, some of them mega-projects, amid cautious demand and tighter financing
Singapore THE private residential property market here could face some demand tests ahead as higher interest rates and heftier duties from the authorities' cooling measures weigh on buyers' wallets.
As it is, property curbs unleashed in July have already sent the private property market on roller-coaster year in 2018.
The Cross Island Line (CRL) is a future high-capacity underground MRT line currently under planning. With the first phase of the line scheduled to open by 2029, it will be the eighth MRT line in Singapore, employing a fully automated and driverless mode of operation.
The line will run from Aviation Park in Changi to Jurong, passing through residential estates such as Loyang, Pasir Ris, Tampines North, Hougang, Serangoon North, Ang Mo Kio, Sin Ming, Bukit Timah, Clementi and West Coast and terminating in the Tuas Industrial Estate. A branch line will connect Pasir Ris and Punggol.
SINGAPORE — Normanton Park was deserted on Thursday (Oct 4), bereft of its human inhabitants — and some pieces of signage and estate furniture — as the last residents moved out of the 41-year-old estate which had been sold en bloc for S$830.1 million.
Ahead of their move, some residents of the 488-unit condominium had gone on a souvenir-collecting spree.
2019 will be an intriguing year for property developers.While there’s still a lot of moaning about the cooling measures, there’s also a lot of fantastic upcoming projects/land parcels that have the potential to become highly sought after, even after taking market conditions into account. Potential property buyers who want to stay ahead of the curve should pay close attention to these upcoming, ultra-prime Singapore property projects, as these could prove the hottest real estate demand drivers in the year ahead:
SINGAPORE: On Oct 17, the Urban Redevelopment Authority (URA) - Singapore’s urban planning authority - announced several new guidelines for condominium developments that would take effect early next year.
Among other things, the rules included reducing the maximum number of units allowed in new condominiums outside the Core Central Region (CCR) of Singapore.
SINGAPORE: As the demand for private housing slows, the supply of land for such homes has been reduced, the Ministry of National Development (MND) said on Thursday (Dec 6).
Fourteen land sites, comprising five confirmed sites and nine on the reserve list, were released for sale on Thursday under the Government Land Sales (GLS) programme for the first half of 2019.
SINGAPORE: Sales of private homes by developers in Singapore surged 52 per cent in November from a year earlier after a sharp increase in the number of new projects launched, official data showed on Monday (Dec 17).
The robust sales come - which follow government measures in July to cool the property market - at a time of the year when demand usually begins to wind down due to the start of the year-end holidays, an indication of demand for projects that are conveniently located and reasonably priced, analysts said.
SINGAPORE: Developers did not have a very merry Christmas last month, after sales of new private homes plunged 50 per cent in December from the previous month.
Excluding executive condominiums (ECs), developers sold 602 units last month, compared with 1,201 units in November, data released on Tuesday (Jan 15) by the Urban Redevelopment Authority (URA) showed.
IT used to be that properties in Good Class Bungalow (GCB) Areas - the most prestigious form of landed housing in Singapore - were bought by Singapore's captains of industry, tycoons and well-heeled foreigners turned Singaporeans.
In recent years, however, Singaporeans in their twenties have also been surfacing among buyers of these big-ticket properties, as property market watchers note. The phenomenon is occurring not just for bungalows in GCB Areas but also for other categories of private residential properties being bought for investment.
In some of these cases, it could well be that parents are buying a property for a child aged 21 and above as a gift - to give him or her a headstart in life.
SINGAPORE — DBS Bank’s property loans segment shrunk by 40 to 50 per cent following last July's cooling measures, with the lender's chief executive Piyush Gupta saying on Thursday (Jan 10) that the government intervention had "more bite" than anticipated.
The Government shocked the market last year when it introduced a fresh round of cooling measures. The Additional Buyer’s Stamp Duty (ABSD) was increased by 5 percentage points for individuals and 10 percentage points for entities, while the loan-to-value limits were also tightened.
Prices of private apartments and condominiums outside the central area may come under pressure with the Government's move to reverse the trend of developers building more and more shoebox units, say market experts.
The Urban Redevelopment Authority (URA) announced on Wednesday that it will cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year, in a bid to manage potential strains and stresses on infrastructure.
THE hilltop Olina Lodge was sold on April 20 for S$230.9 million, 5 per cent higher than the reserve price of S$220 million, to Peak Opal, a related company of Kheng Leong.
The sale price works out to a land rate of S$1,712 per square foot per plot ratio. Development charge will not be payable due to the high development baseline.
THE times they are a changin' - even for high-end home buyers. And luxe developer SC Global is rolling with it.
The Simon Cheong vehicle, known for building "Mansions in the Sky" at The Marq, is now going small with its new collection, aptly named Petit Collectibles.
The approximately 55-unit Petit Jervois in River Valley, the first project under this new brand, will be mostly one and two-bedders spanning 800 sq ft to 1,000 sq ft, and will launch by the end of the year.
Resale price of non-landed properties in districts 15 and 10 have risen significantly said Edmund Tie & Company‘s (ETC) caveat analysis of URA Realis data. The price increase which includes the Katong and Amber Road areas follows news of the Amber Park and Royalville en bloc sale last year.
The caveat analysis considered resale transactions in the 2017-2018 period and compared deals before and after the two collective sales (excluding outliers). The analysis notes that transacted prices at Mandarin Gardens have gone up by an average of 12 per cent since the Amber Park deal – suggesting that developments at en bloc attempt stage are also enjoying higher premiums.
The Urban Redevelopment Authority (URA) awarded the tender for the commercial and residential 2H2017 Government Land Sales (GLS) site at Holland Road to a Far East-led consortium (FEO) for $1,213,333,000. The consortium is a joint venture between Stirling Land Holdings Pte. Ltd., Stirling View Pte. Ltd. (as Trustee of Commons SR Trust) and Stirling Property Pte. Ltd. (as Trustee of Commons Commercial Trust).
Since the start of the year, cash-rich property developers from mainland China have been actively participating in Government Land Sales (GLS) tenders. Aiming to expand their footprint in Singapore, they have set new records in bidding prices for residential sites.
This is no doubt a big windfall for the government.
But not for local developers who may be involuntarily priced out of their hometown by the better-off counterparts from China.
Occupancy rates and rents are expected to improve in 2019.
Despite the softening demand from expatriates, the private residential leasing market’s outlook appears to be promising in 2019, with occupancy rates and rents expected to improve, reported the Business Times.
This comes on the back of easing supply as well as demand from displaced owners of en bloc sales projects.
Singapore properties have long been favoured by foreign investors seeking a safe haven for both capital preservation and appreciation.
Based on EdgeProp’s analysis, below are the top 5 Singapore condos that saw the highest level of foreign interest in the first 11 months of 2018, by comparing the number of units at the development and the number of units sold. Only new sales transactions for non-landed private residential properties involving foreigners who are non-permanent residents (NPR) were considered in our analysis.
